The Bank of Canada Building in Ottawa
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Bank of Canada

The Bank of Canada is Canada's central bank. It was created by the Bank of Canada Act of 1934, to "promote the economic and financial well-being of Canada." more...

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The bank's current statement of its goals is:

The Bank of Canada's responsibilities focus on the goals of low and stable inflation, a safe and secure currency, financial stability, and the efficient management of government funds and public debt.

It is the sole issuer of banknotes in Canada.

The bank's headquarters are located at the corner of Wellington and Bank streets in downtown Ottawa.

History

For many years, Canada did not have a central bank. Each of the nation's large banks issued its own currency and there was little government regulation of the nation's money supply. The federal finance department only issued small denomination bills. The Bank of Montreal, then the nation's largest bank, acted as the government's banker. Canada, with its extensive branch banking, had a very stable banking system. There was little need for a lender of last resort and the banking system was not hit by the same seasonal liquidity problems as banks in the US. The banking system was regulated by the Canadian Bankers Association that worked in close concert with the government.

While there were some advocates for a central bank in the early part of the twentieth century, most notably farmers, the status quo remained unaltered. This changed with the onset of Great Depression. Many in Canada blamed the policies of the Canadian banks for aggravating the Depression. The money supply was contracting and deflation was common. The farmers were joined by manufacturing interests and other groups in demanding a central bank. Another major proponent was the Royal Bank of Canada, which wanted to see the government business taken away from the rival Bank of Montreal. The government also claimed it was constrained by its inability to deal directly with its foreign debts.

Read more at Wikipedia.org


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1974 Bank of Canada $2 Lawson Bouey N871974 Bank of Canada $2 Lawson Bouey N87 $5.23 1937 Bank of Canada $1 Coyne Towers High Grade N531937 Bank of Canada $1 Coyne Towers High Grade N53 $25.78
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Canada Currency: 1930's Depression EraCanada Currency: 1930's Depression Era $399.00 1986 $2 Bank of Canada Note1986 $2 Bank of Canada Note $3.73
Bank of Canada Two/Deux/$2 Dollars ~ Ottawa 1954 ~ Beattie ~ Qe2* 2 AvailableBank of Canada Two/Deux/$2 Dollars ~ Ottawa 1954 ~ Beattie ~ Qe2* 2 Available $7.00 1954 Bank of Canada $1 Beattie Coyne N1001954 Bank of Canada $1 Beattie Coyne N100 $16.81
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1937 Bank of Canada $1 Coyne Towers Vf N581937 Bank of Canada $1 Coyne Towers Vf N58 $12.70 Us 2 Dollar Bill 3 Crisp Uncirculated BillUs 2 Dollar Bill 3 Crisp Uncirculated Bill $14.20
1974 Bank Of Canada $2 Two Dollars Lawson Bouey Um 4977521 Rare Prefix Bc-47a1974 Bank Of Canada $2 Two Dollars Lawson Bouey Um 4977521 Rare Prefix Bc-47a $11.20 1986 Canada 5 Dollar Bill Repeater 5555556 Mint Crisp Unc Desirable *1986 Canada 5 Dollar Bill Repeater 5555556 Mint Crisp Unc Desirable * $329.99
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1954 Bank Of Canada $ 2 Two Dollars P/B 0466171 Beattie Coyne1954 Bank Of Canada $ 2 Two Dollars P/B 0466171 Beattie Coyne $20.17 Canada 1 Dollar, 1967, P-84a, Commemorative (Centennial of Canada) UncCanada 1 Dollar, 1967, P-84a, Commemorative (Centennial of Canada) Unc $4.99
1937 Bank of Canada $2 Coyne Towers Vf30 N1061937 Bank of Canada $2 Coyne Towers Vf30 N106 $48.57 1937 Bank of Canada $2 Coyne Towers F Lr Prefix N1051937 Bank of Canada $2 Coyne Towers F Lr Prefix N105 $22.42
1954 1$ Consecutive Number - 37A - Free Combination Shipping Deal1954 1$ Consecutive Number - 37A - Free Combination Shipping Deal $11.58 Exceptional Pmg Ef40, 2nd finest certified: 1878 $1 Dominion of Canada Dc-8e-i.Exceptional Pmg Ef40, 2nd finest certified: 1878 $1 Dominion of Canada Dc-8e-i. $3,250.00
Canada $5 Dollars Note 4 Digit Radar Hpp9751579 Jenkins - Carney CuncCanada $5 Dollars Note 4 Digit Radar Hpp9751579 Jenkins - Carney Cunc $21.67 1954 Bank of Canada $2 Beattie Coyne Au N851954 Bank of Canada $2 Beattie Coyne Au N85 $16.81
1954 1$ - 37d - Free Combination Shipping Deal1954 1$ - 37d - Free Combination Shipping Deal $3.36 Costa Rica 1917 1 Colon Unc. / Free ShippingCosta Rica 1917 1 Colon Unc. / Free Shipping $8.88
Canada P-New 2012 Polymer 20 Dollar (Gem Unc) New!Canada P-New 2012 Polymer 20 Dollar (Gem Unc) New! $27.88 Canada Banknote, $5 Pic#95 ,Face Value, 1986 YearCanada Banknote, $5 Pic#95 ,Face Value, 1986 Year $24.99
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Prices current as of last update, 03/29/17 3:20am.

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